BTC Flow Analysis — July 15, 2021 BEAR
Thursday · Minute-level BTC order flow from Binance · 1,099,367 trades
Summary
July 15, 2021: Bitcoin lost 2.9%. The 1,907 BTC of net selling flow at $31,880 told a clear story — sellers were in charge.
BTC price (blue) and trading volume (cyan bars) per minute. Session shading: Asia (gold 00-08 UTC), Europe (green 08-14), US (red 14-00).
Flow Analysis
Large-player activity detected: 25 bars with trade sizes 3σ+ above normal (peak: 7.5σ) between 00:11–23:24 UTC. Whale flow netted 601 BTC of buying.
Day 4 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.90). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
Session Breakdown
Most of the action happened during Europe hours, which accounted for 64% of the day's net flow (1,214 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -1.07%, Europe -1.97%, US +0.16%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.07% | -241 BTC | 13% |
| Europe | 08:00 - 14:00 | -1.97% | -1214 BTC | 64% |
| US | 14:00 - 00:00 | 0.16% | -452 BTC | 24% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 3 day(s) into a new bear regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
Related Days
Days with similar flow patterns and market conditions.
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